Transfer Real Estate to a Charitable Trust and Realize
Tax Savings and Lifetime Income

Use this checklist to see if transferring real estate to a charitable trust is a good option for you. Would you like to:

  • Sell your property and avoid capital gains tax?
  • Be eligible for an immediate income tax deduction?
  • Receive lifetime income for yourself and/or other beneficiaries?
  • Step down from the role of landlord?
  • Avoid the need for a 1031 exchange?
  • Convert a non-income producing second home into a lifetime stream of income?
  • Make a difference in the lives of people with cancer, diabetes and other serious illnesses?
If you answered “yes” to any of these questions, transferring your property to a charitable trust may be your answer.

Use the form on this page to request a complimentary example of your benefits. City of Hope’s Planned Giving Department is expert in facilitating the process for you.

Here’s one example: donating a multifamily building

Doris is the owner of a multifamily apartment building. While the building generates a steady income, ongoing expenses have increased and she no longer wants to be a landlord, particularly as she hopes to move closer to her grandchildren.

Doris wants to support City of Hope, so she transfers the property into a charitable trust. The charitable trust sells the property and Doris owes no capital gains tax on the transfer. Doris will receive payments from the charitable trust for her lifetime, and she is eligible for an immediate income tax deduction. After Doris’ lifetime, the remainder in the charitable trust will pass to City of Hope to support research and patient care.

Example income and tax deduction from donated real estate

table of Example income and Tax Deduction from Donated Real Estate *Blended Federal/California Long-Term Capital Gains Tax Rate of 33.93%. Assumes cost basis of $750,000. **Assuming a 5.5% market investment return. ***Based on a donor age 75. The unused portion of this deduction can be carried forward for an additional five years.

See Your Benefits